Answer:
Note payable 75,600 debit
Interest expense 1,134 debit
Cash 76,734 credit
Explanation:
NOTE: it semes you paste possible answer for a differnt questions.However it is possible to determiante a correct answer:
interest will be calculate as follows:
principal x rate x time = interest
we should match rate and time in the same metric, in this case portion of a 360 days years:
75,600 x 0.09 x 60/360 =<em> 1.134</em>
As we take the debt, this interst are expense.
To record this, we will write-off the note principal, post the interest expense and credit the total amount of cash disbursements to pay up the debt.
Note payable 75,600 debit
Interest expense 1,134 debit
Cash 76,734 credit
Answer: In order to design an ER model we have to do the following steps:
1. Identify the entities:
- Customers
- Employees
- Sales
2. Atributes:
- Customers
ID
Name
Age
Adress
Nationality
Credit limit
- Employees
ID
Name
Age
Adress
Nationality
Salary
Position
Amount of sales
- Sales
Id_Sales
Date
Invoice
Id_Product
Quantity
Unit Price
Total
Tax
Id_Customer
Id_Employees
Sales commission
3. Relationships:
- An employee can make many sales.
- Also, a customer can have many sales.
- An employee will earn a commission from a sale.
4. Primary Keys:
- ID (Customers and employees)
- Id_Sales
5. Foreign Keys:
- Id_Customers
- Id_Employees
Explanation: The Entity-Relationship Model (ER) is a basis design methodology of Data that consists in representing at a conceptual level the data that support the operation of a system.
The basic components of a MER are:
1. Entities: Represents an object with a physical existence, in this case, customers, employees and sales.
2. Attributes: Represents the caracteristics of an entity. An employee will have a name and ID, also an adress and salary.
3. Relationships: Represents the association between entities and how they work each other, for example, the posibility of the same employee making several sales.
Answer:
-$24,000
Explanation:
Data provided as per the question
Total liabilities decreased = $42,000
Stockholders' equity increased = $18,000
The computation of change in total assets is shown below:-
Assets = Liabilities + Shareholder equity
Change in total assets = Change in liabilities + Change in shareholder equity
= -$42,000 + $18,000
= -$24,000
Demand means the consumers want the product or service. If there is a demand, companies must supply. "supply and demand"
<em>Profit</em><em> </em>is what is left after a firm plays its variable costs and fixed costs.